FlyerTalk Forums - View Single Post - Morgan Stanley American Express Platinum Card (2012

Jan 28, 2020 | 4:08 am

#183

immaculate

Join Date: Oct 2006

Location: Newport Beach / San Francisco

Programs: UA GS 1MM, Amex Centurion, JPMR, Hyatt Globalist

Posts: 302

Quote:

Originally Posted by progapanda

Morgan Stanley appears to have relaunched its Premier Cash Management Program as "CashPlus". Among the benefits for a Platinum CashPlus account is a $550 Platinum annual fee reimbursement and a debit card with price protection. The minimum requirements for a fee-free Platinum CashPlus account appear to be $25,000 deposit in the sweep fund (MGPXX, which appears to yield 1.25%) and a $5,000 monthly direct deposit. This appears to be a pretty compelling option and a strong competitor to other brokerages' cash management accounts.

https://www.morganstanley.com/what-w...ement/cashplus

Any one else considering this? I'd potentially consider moving my Fidelity Cash Management account to Morgan Stanley for a fee-free Amex Platinum and slightly (~0.15%) less in cash yields.

Thanks for sharing this - I'm considering it.

Am I correct in reading that if I DON'T meet the monthly account fee avoidance criteria ($5k in monthly deposits into the account + $25k daily balance), the account fee is $45/month...so, for 12 months, my account fee would be $540 and MS would cover my $550 MS AmEx Platinum annual fee? Interesting...